China’s Premier Li Keiang expressed concerns about the global economy while warning of a potential recession during his speech on Friday.
Inflation remains high in some countries.
World economy faces grim challenges.
Risk of global recession increasing.
Domestic economy is currently in a stable state after reversing the Q3 economic decline.
China cannot stop opening up.
We will continue at a high level.
AUD/USD is unfazed by these comments, keeping its upside consolidative mode intact near 0.6800, up 0.35% on the day.